Kauai and Maui year-to-date real estate sales statistics through April 2010 compared to the same period in 2009 show a marked increase in the number of sales on both islands but mixed results on price. While Kauai prices were up substantially (flat for residential) Maui saw large price decreases in all categories. Clearly the 2 islands are not in sync on prices. The data is shown in the tables below.

This continues to be an unprecedented opportunity for buyers who have cash or access to financing. Mortgage rates themselves continue to be most favorable to borrowers but this may not last.

This Month's Update

Year-to-Date Median Sales Price (April 2010)

Type

Kauai

% Change

Maui

% Change

Residential

$472,000

-1%

$470,276

-9%

Condominiums

$287,500

+21%

$434,000

-36%

Vacant Land

$295,000

+27%

$520,000

-40%

Year-to-Date Number of Sales (April 2010)

Type

Kauai

% Change

Maui

% Change

Residential

113

+69%

262

+53%

Condominiums

71

+73%

451

+50%

Vacant Land

33

+50%

46

+35%

[Data extracted from Kauai and Maui multiple list reports. Data is deemed reliable but is not guaranteed-please consult with your real estate professional. There may be differing opinions and interpretations of the data.]